1. i dont want to show p&l account. (44ad business) 2. in row-8 of other income..... there is clearly heading----- AMT DR TO p&L A/C, TO THE EXTENT DISALLOWED U/S 40.
A. Amounts debited to the profit and loss account, to the extent disallowable under section 40 a Amount disallowable under section 40 (a)(i), 40(a)(ia) and 40(a)(iii) on account of noncompliance with the provisions of Chapter XVII-B Aa b Amount of tax or rate levied or assessed on the basis of profits Ab c Amount paid as wealth tax Ac d Amount of interest, salary, bonus, commission or remuneration paid to any partner or member Ad e Any other disallowance Ae f Total amount disallowable under section 40(total of Aa to Ae)
30 June 2014
sir 1. i dont want to show p&l account. (44ad business) 2. in row-8 of other income..... there is clearly heading----- AMT DR TO p&L A/C, TO THE EXTENT DISALLOWED U/S 40. (so sir now what to do????????)
01 July 2014
go to income from business. show in other deduction.in profit and loss account show under no books of accounts turnover and profit (which should be more than 8%). Then come to income from business show the income under section 44AD and the remuneration should come under other deduction.
CAclubindia
